January 29, 2009 • 11:47 pm
I received this in an email today, in case anyone is interested in learning more about Amazon's services in Europe:
Amazon Web Services Technology
Evangelist for Europe Simone Brunozzi and Cohesive co-founder Alexis
Richardson will be hosting the next AWS Meetup in London on Cloud
Computing and AWS, with details on S3, EC2, CloudFront and the other services!
Details of this free evening event are as follows:
4th February, 6.30pm
start – as usual afterwards we will go to the Crown for drinks and further
Skills Matter, 1 Sekforde St, Clerkewell, London EC1R 0BE
Simone and Alexis will each speak for 20-25 minutes and there will be time
for some Q&A after that.
For more details about the event and speakers
Registration is open and places are filling fast so register now at
Filed under: Events, Conferences and Panels
January 18, 2009 • 4:12 pm
Every year I start off with a retrospective of what’s just happened over the past 12 months. I guess the difference this year is that everyone knows 2008 was simply awful across the board…
Icon Corporate Finance has provided the data points though, demonstrating that 2008 looked very grim:
You’ll notice the vast majority of exits were sub $100M last year, while valuations outside of this band are falling fast. This means the venture portfolios are in for tough times… and capital intensive companies will find it much more difficult to raise capital. Already I’m hearing the “10yr limited life” venture fund model being challenged. People are realizing it might take longer than 3-4 years to build and exit a company. Plus LPs are simply choking…and VCs are feeling the pinch as well in terms of LPs reneging on capital commitments. Yes, some venture funds continue to raise new funds- this is the exception (Accel’s $1bn closed in December and Balderton’s recent $400M come to mind…)
To state the glaring obvious, 2009 will spell the end for many venture funds and venture backed companies. I believe there was always venture funding overhang from the early 2000s- that will have fully corrected by the end of this downturn…
The word on the street in California is “this downturn could be as bad as the great depression”. The word on the street in London still seems to be, “what recession?”. Look for “Sale Now On” signs to change to “Going out of Business Sale” in 2009.
Filed under: Mergers and Acquisitions